One of the niftiest tools of trading is MACD indicator, which not all of traders know about, even though we are to know at least what it is.

MACD is a moving average convergence divergence indicator which is used in the trading chart in order to track trading momentum. It consists of two moving averages which display the dynamic of a price. There is a slow moving average and a fats moving average. Those, who can read the chart properly can easily identify a new trend with the way the averages are moving.